EY study: car industry profits are shrinking, strategic shift needed
According to EY, car manufacturer’s profit margins are under pressure, especially those of German manufacturers (VW Zwickau plant manufacturing pictured) /Volkswagen
The global automotive industry is weakening, with German carmakers experiencing a continued decline in earnings during the first half of the year, according to a study by auditing and consulting firm EY released on Friday.
German car giants Volkswagen, BMW, and Mercedes-Benz collectively earned �
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